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Fortune Minerals Announces David Massola Has Rejoined the Company as Vice President Business Development
Businesswire· 2025-09-25 14:26
Core Insights - Fortune Minerals Limited has announced the reappointment of Mr. David Massola as Vice President of Business Development to aid in the transition of the NICO Project to project finance and development [1] Company Developments - The NICO Project is a vertically integrated critical minerals project that includes cobalt, gold, bismuth, and copper [1] - David Massola brings decades of experience in the mining industry, particularly in financial roles [1]
Tronox Holdings PLC Shareholders Who Lost Money in TROX Should Contact Robbins LLP for Information About Leading the Class Action Lawsuit
Prnewswire· 2025-09-25 00:45
Group 1 - A class action was filed against Tronox Holdings PLC for failing to disclose accurate business prospects and revenue outlook during the period from February 12, 2025, to July 25, 2025 [1][2] - The complaint alleges that Tronox misrepresented its ability to forecast demand for its titanium dioxide (TiO2) and zircon products, leading to an unrealistic portrayal of margin growth and demand assurances [2][3] - On July 30, 2025, Tronox reported a significant decline in TiO2 sales, attributing it to a weaker coatings season and increased competition, which resulted in a 60% reduction in its dividend and a stock price drop of approximately 38% from $5.14 to $3.19 per share [3] Group 2 - Shareholders interested in participating in the class action must file their papers by November 3, 2025, to serve as lead plaintiff, representing other class members [4] - Robbins LLP operates on a contingency fee basis, meaning shareholders incur no fees or expenses for participation in the litigation [5]
Lithium Americas soars 65% as Trump administration seeks equity stake in Canadian miner
CNBC· 2025-09-24 13:16
Core Viewpoint - The Trump administration is seeking an equity stake in Lithium Americas as the company renegotiates a $2.2 billion loan from the Department of Energy for its Thacker Pass mine, leading to a significant surge in the company's stock price [1][2]. Group 1: Government Involvement - The White House's move represents a direct ownership interest in the mineral supply chain, marking the first equity stake proposed for a Canadian company [2]. - The Department of Defense previously took a 15% equity stake in MP Materials, which has seen its shares more than double since the deal [2]. Group 2: Project Details - Thacker Pass in northern Nevada is anticipated to be one of the largest lithium sources in North America, with General Motors agreeing to purchase offtake from the mine [3]. - Lithium Americas is renegotiating the loan terms due to not meeting conditions for the initial disbursement, requesting to extend part of the loan repayment into later years [3][4]. Group 3: Negotiation Context - The administration's interest in an equity stake aims to create a cash buffer and mitigate risks for taxpayers as part of the loan repayment extension [4]. - Discussions regarding the investment are positive, although a deal has not yet been finalized, and Canadian approval may be required due to the company's jurisdiction [4]. Group 4: Strategic Considerations - The Trump administration's consideration of equity stakes in mining companies is a strategy to support them against state-sponsored competition from China [5].
Former National Security & Intelligence Advisor Jody Thomas Nominated to Electra Board of Directors
Globenewswire· 2025-09-23 11:00
Core Insights - Electra Battery Materials Corporation has nominated Jody Thomas to its Board of Directors, enhancing its leadership team with expertise in national security and defense [1][2][4] - Ms. Thomas's extensive background in public service and risk management is expected to support Electra's strategic priorities in developing a secure supply chain for critical minerals in North America [2][3] - The nomination of Ms. Thomas follows other recent appointments aimed at strengthening the Board's strategic depth and operational expertise [4] Company Strategy - Electra is focused on establishing North America's only cobalt sulfate refinery and aims to onshore critical minerals refining to reduce reliance on foreign supply chains [5] - The company's strategy includes nickel refining and battery recycling, with growth projects such as integrating black mass recycling and exploring cobalt and nickel production opportunities in North America [5]
American Critical Minerals Highlights Recent Addition of Potash to Proposed US Critical Minerals List and Recent US Government Awards for Potash Developers
Accessnewswire· 2025-09-23 09:00
Core Viewpoint - The U.S. Federal Government has officially added Potash to the US Geological Survey's draft Critical Minerals List, which is updated every three years, with finalization expected soon after a public comment period [1] Group 1 - The addition of Potash to the Critical Minerals List is seen as a positive development for American Critical Minerals Corp [1] - The final version of the updated Critical Minerals List is anticipated to be released shortly after a 30-day public comment period [1]
Zentek Subsidiary Albany Graphite Corp. Achieves Additional 5N Purification Result and Nuclear Graphite EBC Requirements
Accessnewswire· 2025-09-22 12:35
GUELPH, ON / ACCESS Newswire / September 22, 2025 / Zentek Ltd. ("Zentek" or the "Company") (NASDAQ:ZTEK)(TSXV:ZEN), an intellectual property technology development and commercialization company, is pleased to share an update from its wholly owned subsidiary, Albany Graphite Corp. ("AGC") on its Critical Minerals Innovation Fund ("CMIF") grant-funded activities. ...
Titan Mining Announces Commissioning Readiness of U.S. Graphite Facility With Support From Federal and State Leaders
Globenewswire· 2025-09-16 10:00
New York project marks a pivotal step toward U.S. graphite independence and the first integrated domestic supply chain in more than 70 yearsGOUVERNEUR, N.Y., Sept. 16, 2025 (GLOBE NEWSWIRE) -- Titan Mining Corporation (TSX:TI, OTCQB: TIMCF), (“Titan” or the “Company”) an existing zinc concentrate producer in upstate New York and an emerging natural flake graphite producer, announced today that federal and state leaders visited its graphite demonstration facility at Empire State Mines (ESM) in St. Lawrence C ...
Electra Announces Terms of US$30 Million Brokered Private Placement for Completion of Refinery Construction
Globenewswire· 2025-09-12 13:17
Core Viewpoint - Electra Battery Materials Corporation is undertaking a US$30 million financing as part of its financial restructuring to support the commissioning of North America's first battery-grade cobalt sulfate refinery in Ontario [1][3]. Financing Details - The company has engaged Cantor Fitzgerald Canada Corporation and ECM Capital Advisors Ltd. as co-lead agents for a private placement offering, aiming to sell a minimum of 40,000,000 units at US$0.75 per unit, totaling at least US$30 million [2]. - Each unit consists of one common share and one warrant, allowing the purchase of an additional common share at US$1.25 for a period of 36 months post-offering [4]. - The offering is backed by a US$10 million conditional commitment from lenders, with existing shareholders given the opportunity to participate on the same terms as new investors [5]. Use of Proceeds - Net proceeds from the offering will be allocated to the completion and ramp-up of the cobalt refinery, the black mass recycling program, repayment of US$2 million in promissory notes, restructuring expenses, and general working capital [6]. - If gross proceeds exceed US$34.5 million, excess funds will be used to repurchase senior secured convertible notes from lenders [6]. Timeline and Conditions - The offering is expected to close around October 15, 2025, subject to shareholder approval and other regulatory conditions [7]. - A special meeting for shareholder approval is anticipated on or around October 9, 2025 [7]. Agent Compensation - The company will pay agents a cash commission of 6% of gross proceeds and issue non-transferable broker warrants equal to 6% of units sold, with reduced commissions for certain units sold under the lender commitment [8]. Regulatory Compliance - The units are offered on a private placement basis in Canada and outside Canada, adhering to specific securities regulations [9][10]. - Common shares from the sale of units under the Listed Issuer Financing Exemption will not be subject to a hold period, while other securities will have a statutory hold period of four months and one day [11]. Company Overview - Electra Battery Materials is focused on advancing North America's critical minerals supply chain for lithium-ion batteries, with plans for cobalt sulfate refining, nickel refining, and battery recycling [13].
Iconic Grants Stock Options
Newsfile· 2025-09-11 19:07
Vancouver, British Columbia--(Newsfile Corp. - September 11, 2025) - Iconic Minerals Ltd. (TSXV: ICM) (OTCQB: BVTEF) (FSE: YQG) (the "Company" or "Iconic") announces the grant, pursuant to its 10% Rolling Stock Option Plan that was ratified and approved by shareholders on June 25, 2025, of stock options to certain eligible participants to purchase a total of 8,000,000 common shares, exercisable in whole or in part on or before September 11, 2030 at an exercise price of $0.075 per share.On behalf of the Boa ...
Canadian Critical Minerals Generates USD$247,000 in Revenue from Bull River Mine
Newsfile· 2025-09-05 19:02
Group 1 - Canadian Critical Minerals Inc. (CCMI) reported revenues from the sale of stockpiled mineralized material at the Bull River Mine (BRM) project, with provisional payments of approximately USD$247,000 for July 2025 shipments [1][2] - In July 2025, CCMI trucked 1,580 dry metric tonnes of sorted mineralized material to New Afton, which graded 1.86% Cu, 0.71 g/t Au, and 14.4 g/t Ag [1] - Proceeds from the sale will be used to offset ongoing care and maintenance costs at BRM and to support engineering studies for the final permit application to restart mill and underground operations [2] Group 2 - CCMI's main asset is the 100% owned Bull River Mine project, which contains 150 million lbs of copper, along with gold and silver resources [3] - The company also holds a 9% interest in XXIX Metal Corp., which owns the Thierry copper project and the Opemiska copper project [3]